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1841 10C No Drapery, F-101, R.8, PR53 NGC....

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Description

1841 No Drapery Dime, PR53
Only Two No Drapery Proofs Known
Ex: F.C.C. Boyd, The Ahwash Plate Coin

1841 10C No Drapery, F-101, R.8, PR53 NGC. Small Stars, No Drapery, Upright Shield. Traditionally, the No Drapery feature of this extremely rare early proof has been attributed to die polishing, but the uncovering of its big-brother counterpart, the Newman-Gardner PR67+ coin, made definitive die analysis possible, proving that the 1841 No Drapery proof dime is in fact a transitional design between the original No Drapery obverse of 1838-1840 and the With Drapery design of later years. John McCloskey published his study the 1841 No Drapery proof dies in Issue #80 of the Gobrecht Journal. Only two examples of the issue are known. This is the circulated piece that is plated in Ahwash and on the Fortin webpage.

This coin was discovered by F.C.C. Boyd in the early 1940s and was first offered for public sale when Boyd's material was sold under the name of the World's Greatest Collection in 1945. It reappeared 18 years later in New Netherlands' 57th Sale where it was described as "once a proof," and it was later offered in the 1973 MANA Sale (Kagin's, 11/73), lot 1107, where it was reported to have realized $52,000. The coin has been off the market since it appeared in lot 6029 of our Long Beach Signature sale (Heritage, 10/2001), where it realized $47,500.

The coin shows evidence of moderate handling, but the surfaces still retain enough of the original proof texture to make it identifiable as a special striking. The surfaces display natural gold and honey-orange toning with trivial marks. In his roster of proofs, Walter Breen only mentioned one other proof 1841 -- the "Col." Green-Newman-Gardner coin, which has only recently reappeared at auction after being hidden in the Newman Collection for decades. The Smithsonian does not have a proof 1841, and this may well be the only example available to collectors in the foreseeable future.

1841 Proof Dime Roster

No Drapery Proof Dime
1. PR67+ NGC. An example from a silver/minor proof set mentioned in Numismatic Review, volume I, issue 3, page 29 (1943), from "Colonel" E.H.R. Green's collection; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $250.00; Eric P. Newman Numismatic Education Society; Eric P. Newman Collection, Part II (Heritage, 11/2013),lot 33322, realized $305,500; Eugene H. Gardner Collection, Part III (Heritage, 5/2015), lot 98262, realized $205,625.
2. PR53 NGC. F.C.C. Boyd; World's Greatest Collection (Numismatic Gallery, 5/1945), lot 519, realized $75; 57th Sale (New Netherlands,12/1963), lot 466; Sale of the Seventies (Kagin, 11/1973), lot 1107; ANA Sale (Heritage, 7/1993), lot 5212, realized $46,750; Long Beach Signature (Heritage, 10/2001), lot 6029, realized $47,500. The present coin.

With Drapery Proof Dime
1. PR63 Cameo NGC. ANA Sale (Heritage, 7/1994), lot 6454, $38,500; Halpern and Warner Collections (Bowers and Merena, 3/1997), lot 2215, $14,300; Richmond Collection (David Lawrence, 3/2005), lot 1236, $46,000; Phil Kaufman Collection / FUN Signature (Heritage, 1/2008), lot 3019, $63,250; Greensboro Collection, Part I (Heritage, 10/2012),lot 3940, $47,000; Eugene H. Gardner Collection, Part II (Heritage, 10/2014), lot 98286.

Coin Index Numbers: (Variety PCGS# 539073, Base PCGS# 38898)

Weight: 2.67 grams

Metal: 90% Silver, 10% Copper

View Certification Details from NGC

Auction Info

2016 April 27 - May 1 CSNS US Coins Signature Auction - Chicago #1234 (go to Auction Home page)
Auction Dates
Apr-May, 2016
27th-1st Wednesday-Sunday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 1,096

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on Apr 28, 2016 for: $28,200.00
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